ERC-20 cryptocurrencies, such as Big Eyed Coin (BIG), are created using the ERC-20 standardization protocol on the Ethereum (ETH) blockchain. Thanks to the dominance of Ethereum and its system of smart contracts, ERC20 coins make up the vast majority of popular digital assets available in the cryptocurrency market today.
However, several ERC-20 tokens exist in the coin market. But which one these are worth exploring? Below are three exciting ERC-20 assets that any trader should not miss.
SAND is the native ERC-20 cryptocurrency of The sandbox (SAND). The Sandbox (SAND) is an immersive GameFi and metaverse platform that allows users to create virtual worlds and exchange in-game experiences and activities.
It offers several universes, such as Summer Jam Land and The Walking Dead Land. Users can also purchase land (virtual real estate) in-game, which can be traded as NFTs. Additionally, as The Sandbox (SAND) plots are in high demand and in limited supply, these NFTs have great potential for appreciation over time.
Besides LANDS, users can exchange various features using SAND. Players can also customize their avatar experience by redeeming NFTs on the site.
The franchise first released in 2012 and transitioned to blockchain-based gaming in 2018.
Since then, The Sandbox (SAND) has grown in popularity, boasting a thriving user base that interacts and shares ideas to create more innovative experiences on the platform.
Manufacturer (MKR) is the MakerDAO’s ERC-20 utility and governance token. The basic concept behind MakerDAO is to borrow and lend without using traditional intermediaries like banks.
To facilitate lending and control all aspects of a loan’s mechanics, including repayment periods, interest rates, and margin calls, MakerDAO relies on smart contracts developed on the Ethereum blockchain.
One of the cool features of MakerDAO is that loans can be disbursed in DAI, an ERC-20 stablecoin generated on MakerDAO. By issuing loans in DAI, MakerDAO loans are better protected from the volatility of the cryptocurrency market.
The supply of DAI will be balanced by the manufacturer (MKR), which would be burned to produce fresh DAI when there is too little DAI available. Therefore, the demand for new DAIs will increase as more people use MakerDAO for decentralized lending, while the supply of Maker (MKR) will decrease.
The Maker (MKR) and DAI performed well. At the time of writing, the Maker (MKR) has a market cap of $692 million, while DAI is the 13th largest cryptocurrency and 4th largest stablecoin by market cap, with a market valuation $6.8 billion coins.
big eyed room
Big Eyes Coin (BIG) is the native ERC-20 token of the Big Eyes (BIG) network and powers its ecosystem.
It is a DeFi community cryptocurrency that aims to protect aquatic life and clean up the ocean while rewarding its token holders.
In the ecosystem, users can anticipate a cohesive community whose strength lies in its size. The more people actively participate, the larger the community and the more influential the “Big Eyes” (BIG) will be.
Community members will receive tokens, NFTs and other incentives and have first access to all the latest information because the community takes precedence over everything else.
The platform has a presale going on so interested buyers can purchase Big Eyes Coin right now.
Beyond ERC-20 cryptos, crypto traders have an array of options for buying cryptocurrency. Why, then, should they buy ERC-20 tokens?
The main reason to buy ERC-20 coins is that they are easily interchangeable with other ERC-20 tokens. This makes changing positions or taking advantage of new opportunities on the Ethereum blockchain relatively simple.
We think Big Eyes Coin (BIG) is a great buy for crypto enthusiasts. Therefore, it is ideal for traders looking for the next big cryptocurrency to buy. Traders can buy Big Eyes Coin (BIG) through the project presale.
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